Coppell Advisory Solutions LLC Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Coppell Advisory Solutions LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,477 shares of the financial services provider’s stock after selling 409 shares during the period. JPMorgan Chase & Co. makes up about 0.7% of Coppell Advisory Solutions LLC’s holdings, making the stock its 23rd biggest position. Coppell Advisory Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $5,140,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Beck Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 1.1% during the fourth quarter. Beck Capital Management LLC now owns 14,465 shares of the financial services provider’s stock worth $3,467,000 after acquiring an additional 151 shares during the period. Brasada Capital Management LP increased its holdings in shares of JPMorgan Chase & Co. by 12.2% in the 4th quarter. Brasada Capital Management LP now owns 13,159 shares of the financial services provider’s stock valued at $3,214,000 after purchasing an additional 1,433 shares in the last quarter. MGO One Seven LLC boosted its holdings in JPMorgan Chase & Co. by 6.2% during the fourth quarter. MGO One Seven LLC now owns 93,292 shares of the financial services provider’s stock worth $22,363,000 after buying an additional 5,443 shares in the last quarter. Pinebridge Investments L.P. grew its position in JPMorgan Chase & Co. by 19.3% during the fourth quarter. Pinebridge Investments L.P. now owns 1,685,696 shares of the financial services provider’s stock worth $404,078,000 after buying an additional 272,544 shares during the period. Finally, Quantessence Capital LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $2,854,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $235.51 on Wednesday. The company has a market cap of $655.42 billion, a P/E ratio of 11.93, a P/E/G ratio of 2.83 and a beta of 1.01. The firm’s 50 day moving average is $242.98 and its two-hundred day moving average is $243.17. JPMorgan Chase & Co. has a fifty-two week low of $188.46 and a fifty-two week high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same period last year, the company posted $4.44 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.38%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock valued at $19,149,144 over the last three months. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a report on Monday, April 14th. StockNews.com downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 14th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Finally, Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $255.67.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.